Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Capital Structure and Financial Instruments

The following table presents the carrying amounts and fair values of financial instruments by class and by IFRS 9 measurement category as of 31 December 2021:

Financial assets and liabilities at amortised cost

Fair value through profit or loss

Financial instruments total

Fair value through OCI

Amortised cost

Fair value

Book value

Fair value

(In € million)

Assets

Other investments and other long ‑ term financial assets

(1)

Equity investments

1,033

1,478

0

0

2,511

2,511

Customer financing

118

0

0

0

118

118

(2)

Other loans

0

0

1,909

1,909

1,909

1,909

(3)

Trade receivables

0

0

4,957

4,957

4,957

4,957

Contract assets

0

0

1,404

1,404

1,404

1,404

Other financial assets

Derivative instruments

1,005

0

0

0

1,005

1,005

Non ‑ derivative instruments

0

0

1,137

1,137

1,137

1,137

Securities

0

8,111

0

0

8,111

8,111

Cash and cash equivalents

12,075

533

1,964

1,964

14,572

14,572

Total

14,231

10,122

11,371

11,371

35,724

35,724

Liabilities

Financing liabilities

Bonds and commercial papers

0

0

(11,061)

(11,886)

(11,061)

(11,886)

Liabilities to financial institutions and others

0

0

(2,243)

(2,243)

(2,243)

(2,243)

(2)

Finance lease liabilities

0

0

(1,736)

(1,736)

(1,736)

(1,736)

Other financial liabilities

Derivative instruments

(4,563)

0

0

0

(4,563)

(4,563)

European Governments’ refundable advances (4)

0

0

(3,861)

(3,861)

(3,861)

(3,861)

Others

0

(16)

(654)

(654)

(670)

(670)

Trade liabilities

0

0

(9,693)

(9,693)

(9,693)

(9,693)

Total

(4,563)

(16)

(29,248)

(30,073)

(33,827)

(34,652)

(1) Other than those accounted for under the equity method. (2) The carrying amounts are used as reasonable fair value approximations. (3) 2021 figures restated in accordance with 2022 presentation

(4) The European Governments’ refundable advances of €-3,861 million are measured at amortised cost. Fair values cannot be reliably measured because their risk sharing nature and the uncertainty of the repayment dates give rise to a broad range of reasonable fair value estimates and make it impossible to reasonably assess the probabilities of the various estimates within the range. This may change and reliable fair value measures become available as the related programmes approach the end of production.

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